THE number of management buy outs (MBOs) in Britain fell in the second quarter of the financial year after a busy start but is expected to revive over the next few months, according to a survey published yesterday. The total value of MBOs in three months from April to June was £1.14 billion sterling, below the £1.48 billion achieved in the same period last year and the £1.39 billion reached in the first three months of 1996.

KPMG Corporate Finance, which carried out the research, said the large £100 million plus transactions which had buoyed up the figures for the previous six months had dried up in the last quarter.